Brevard County Real Estate Market – September Sales

Posted on: October 22, 2011

Ya take the good, ya take the bad, ya take ’em both and there you have… September’s real estate market!  Haha, I love 80’s sitcoms!

According to data released on Thursday by Florida Realtors, sales of previously occupied homes in Brevard County hit an eight-month low last month, BUT, the median price of those sales was higher than it was for the previous month (August), as well as from the year ago sales figure (September 2010). In Florida as a whole, sales of existing homes was up 10 percent compared with one year ago, but the median sales price was about 1 percent lower than one year ago.

Florida Realtors reported that in our area, 523 existing homes were sold last month, which is the lowest it’s been since January’s 460 homes. The median sales price, however, was up significantly from August, and also 10 percent higher than one year ago. The numbers were $107,900 for September 2011, $101,700 for August 2011, and $98,200 for September 2010. September 2011’s figure was good enough to make it the fourth highest in 2011.

Experts seem to think the sales dip was just temporary, explaining that the market is strong in both price and the number of buyers in the marketplace. Further, sales are expected to improve as winter visitors start arriving in October and November.

Condo sales in Brevard County also fit within the theme of good/bad, with a 10 percent drop in sales from one year ago, but a 32 percent increase in the median sales price from September 2010. Those numbers were 122 sold in September 2011, and 135 sold in September 2010 with prices hitting $100,000 in September 2011 compared with $75,800 from September 2010.

All in all, the market is looking very promising. If you are looking to buy a home, I have plenty to show you! If you are thinking about selling your home, I would be happy to provide you with a free market analysis to help you determine an accurate market value of your home.  Call or email me today!

Source of Info: Florida Realtors and Florida Today

Whether you are buying or selling, it would be my pleasure to represent you! 

Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

Phone: 321.271.0870


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Indialantic, FL 32903

Direct: 321.271.0870
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